ZETWERK MANUFACTURING DELIVERS BIG ON ITS PROMISES WITH RECORD ORDER BOOK OF OVER Rs 13,000 CRORE
Bangalore, India - Zetwerk Manufacturing, a leading player in the contract manufacturing industry, has achieved significant milestones in recent times. The company's managed network for contract manufacturing has boasted of an order book nudging Rs 13,000 crore, with notable clients such as Larsen & Toubro, Siemens, Samsung, and NTPC Green.
Co-founder and CEO Amrit Acharya attributes Zetwerk's success to its ability to tap into the country's largely untapped supply chain ecosystem. "We are aggregating supply and are, therefore, able to bid for big contracts which an individual manufacturer may not be able to do," he explains. Currently, the company works with over 15,000 manufacturing units, further reinforcing its position in the market.
The model scores over a conventional manufacturing process in its ability to speed up execution, thanks to the distribution of orders across several units and real-time monitoring on the platform. This enables timely delivery, catering to customers' increasing demand for such services. The high-end technology used by Zetwerk has made it the preferred choice for big corporations looking to diversify their supply chains.
Acharya also highlights the growing demand from private sector companies seeking an alternative to China-based manufacturing facilities. Currently, Zetwerk caters to orders in sectors including renewables, oil & gas, aerospace electronics, and defence, with the business segment for electronic components and consumer durables accounting for around 40% of its order book.
However, Acharya warns that ensuring production standards remain high is a significant challenge. The company has been refining its quality control processes over time to identify good suppliers and weed out weaker units across India's manufacturing ecosystem.
Despite facing competition from established players, Zetwerk has managed to secure orders like NTPC Green, despite being L1 bidder in the tender process. Private sector companies have their own processes, but Zetwerk controls the distribution of orders through a reverse auction system on its platform.
The company continues to invest in talent acquisition, upgrading software, and expanding exports, which currently account for around 20% of its business. It aims to enter new markets, particularly the Americas region, where it is confident that customers are keen to diversify their production bases from China.
Acharya expresses his confidence in Zetwerk's growth strategy. "We believe the supply chain ecosystem is at an inflection point and if we are in early, we can gain from this. We have taken several key steps to increase efficiency and value-added services to our clients."